NEW YORK — The J. Jill Group Inc.’s continuing retail store rollout contributed to significant profit and sales gains in the third quarter.
For the three months ended Sept. 28, the Quincy, Mass.-based multichannel retailer saw net income rise by almost one-third, gaining 31.4 percent to $3.6 million, or 18 cents per diluted share. That compares with the year-ago quarter when the company recorded earnings of $2.8 million, or 15 cents. While third-quarter results included a one-time charge of approximately $1 million, or 3 cents, for costs incurred related to a potential strategic acquisition by the company that was later abandoned, earnings per sharematched the Wall Street consensus estimate.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)